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Grunde procesoch Arth ptuomon Sanderthal Standard Det er Betoon 1 The worden met Am SI Grower, in matures.com product called you. The causes standard custaste and selector 58 Atestart of monthly production, Grouper estimated 570tybes would be product March Group has established the formate and or standards to producente Oect materials Standard Quantity Standard Price 25pounds Super pound 0bbon During March 2002, towing activity was recorded by the core production of 1 2. The type 210 A.24220 Data were contro 2.320 pound reduction 527 00 Mathew 5 1 Grouper, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Grouper estimated 9,570 tybos would be produced in March. Grouper has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price 2.5 pounds $3 per pound Direct materials Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2 The company produced 9,190 units during the month. A total of 24,220 pounds of materials were purchased at a cost of $66.605, A total of 24,220 pounds of materials were used in production. 5,210 hours of labor were incurred during the month at a total wage cost of $57.310. 3. 4. Calculate the following variances for March for Grouper. Inc Identify whether each variance is favorable or unfavorable lal Materials Price Variance $ (b) Materials Quantity Variance $ Direct materials 2.5 pounds $3 per pound Direct labor 0.6 hours $10 per hour During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. 2. The company produced 9,190 units during the month. A total of 24,220 pounds of materials were purchased at a cost of $66,605. A total of 24,220 pounds of materials were used in production 5,210 hours of labor were incurred during the month at a total wage cost of $57,310. 3. 4. Calculate the following variances for March for Grouper, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance Favorable" Unfavorable Not Applicable (b) Materials Quantity Variance $ (c) Labor Price Variance $ (d) Labor Quantity Variance $